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20110714
20110714
Search Results 0 to 13 of about 14 (some duplicates have been removed)
. >> third, i think they are agreed on budget cuts but not which cuts. i think they are agreed now that big deal is dead so they will try to go for some small deal. i guess they're there but it's clear mitch mcconnell is concerned that the republicans in the house can't get anything through. >> well, then i don't think they're dead. your hopes of them all agreeing on the three things you named as you said, you don't know if it can get through the house. a house divided cannot stand for america, pat. richard, what is your reading? ? the republicans can't get it together and the people who may pay for this is the american public? >> before we get there reverend, i want to pick up on something pat said. if there were any kind of tax increase at all republicans would be finished. let's look at the polls. recent gallup polls suggest that only one in five american voters think that this deficit crisis needs to be dealt with, with spending cuts alone. in other words, the vast majority of voters want to see a mix. now you can debate where the mix should be between spending and revenues, between cut
's big three credit rating agencies, warned it might have to lower the country's top notch credit rating if lawmakers don't come it an agreement soon on raising the debt ceiling. this a starnlgts moodeddy's said its action was prompted by the possibility that the debt limit will not be raised in time to prevent a missed payment on u.s. bonds with a small but rising risk of a short-lived default. economists say if the aaa rating is lowered, it would throw the financial markets in to chaos and the cost of were rowing would go up for everything from mortgages to car loans. federal reserve chairman ben bernanke warned -- >> i think the worst outcome is that at some point, you know, we default on the debt and that would creates a i said before a huge financial calamity. >> reporter: sources say the president knew about the moody's warning as he headeded in to wednesday's meet which go all sides have described as very tense. republican majority leader eric cantor quoted the president as saying, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my li
with markets in a bad way. >>> and then the big tease. julie yanni w giuliani. will think of these folks get in the game? the summer of speculation. good morning, thursday, july 14, 2011, i'm chuck todd. >>> and the nbc campaign team is doing a lot of prep today. doing that behind the scenes but why not to get right to my first reads of the morning, hurdling towards the huge financial calamity. ratings agency moody's put the government on notice for a possible credit downgrade. as leaders try to broker a deal, personal relationships are breaking down. president obama and house majority leader eric cantor clashed yesterday after the president frustrated by the lack of progress, saying it was time to stop postures and get the deal done. cantor went to the press telling his version of story. cantor said, obama got very agitated seemingly and sat there long enough. and no other president, ronald reagan, wouldn't sit here and he said to me, eric, don't call my bluff. democrats dispute his version of the event. one said cantor's account of tonight's meeting is completely overblown. cantor rudely i
to lead, they want them to come to washington and take care of the big issues that confront us right now, one is definitely the debt ceiling, the other is the debt. i tell you this. what they want is for us to take care of these big issues in a way that will allow you to work within our physical means, but at the same time provide them with the opportunities that they need for the future. this back and forth, these battling press conferences day to day, the ongoing conversations that they've been having, folks watching this at home have been terribly frustrated. my hope is we can get to a resolution on this very quickly. alisyn: sure, obviously everybody wants a resolution. americans are frustrated: doesn't it put the democrats in a bit of an untenable position to say, we are actually against a balanced budget? >> i think we need to clarify, democrats are not against the balanced budget. they are calling for a shared sacrifice. and the challenge is during the entire conversations about the debt ceiling, the debt and the deficit, what you've seen are democrats putting things on the line,
. how exciting. >> they match. >> they do match. >> the big news of the day, yesterday, of course, was moody's coming out and saying, listen, we don't expect this to happ happen. the chances are slight this is going to happen. just the chance it may happen, we are going to downgrade america's credit rating. >> we are going to put it on credit watch to downgrade it or we will downgrade it if it happens. first of all, the rating agencies were behind the curve during the whole financial crisis and they took a lot of heat for that. now they are trying to be more proactive. when you have a congress that refuses to address the issue, what do they do? it's not a shocker. it's another symbol of how dysfunctional things are in washington and what the stakes are and how dangerous it is. you know a few people across the globe. >> i like it when mika says it better. >> say international financeer. >> i would think these are trying times for banks across the world. look at ireland a second time. it's spread to italy. we have all heard -- greece, portugal. it's all across europe. it's coming to
a piece of legislation, so stay tuned. bill: we shall. it will be a big deal come next week. jason chaffetz, thank you, out of utah. martha: another day at the office, really. one group of workers, union workers, just sort of, you know, having a joke, a little smoke, booze, at the lunch hour. you know? the same kind of stuff we do around here, bill. one reporter got up close and personal. this is fascinating. bill: they don't have us on camera, though. martha: thank goodness! bill: team usa, world cup final, sunday at 2:00, what a day this was, abby wombach, she's like a superhero. martha: love her. bill: that header put her one up, team usa will play japan for all the marbles. martha: love it. bill: sunday afternoon. go usa! back in a moment. bill: some stories developing in "america's newsroom", there is new violence erupting in pakistan, gunmen in the streets of karachi, opening fire, leaving seven dead and more than two dozen injured. >>> dozens of suspects connected to the mexican mafia in custody after a huge gang raid in california. the mexican mafia, considered the oldest a
president the number doubled again. he raised taxes and left office with a budget surplus almost as big as the debt that he inherited. george w. bush took that tax cut again it was a whopping half a million dollar debt. now the number was seven times higher under president clinton. there is new pressure from wall street now, today moodys investors service branch to downgrade the countries it rating. they say they will review the aaa bond rating because the white house and congress are running out of time to raise the nation's 14 trillion dollar borrowing limit. >> a look at our or extended forecast, a warmup into next week i will have details coming up in the next few minutes. >> taking a live look outside this afternoon from our roof camera over downtown san to destroy very different picture than what we saw yesterday starting to see a little sunshine this afternoon, the fog will return, we will see drizzle especially close to the coastline. pettifog will stick with us in the later afternoon hours temperatures will cool a little more. the winds will be just as breezy this afternoon t
to look at it. if i can dial out for a minute and give you a big picture perspective, despite this tit for tat and all this political spinning going on, there is still a meeting scheduled at the white house tomorrow, as far as we san antonknow, all sides are planning to come here and they will be discussing detailed spending cuts and for the first time, this discussion of tax changes. will there be revenue on the table, a major controversial issue. despite all this, there could still be potential progress towards one of these deals tomorrow. we'll see. >> you answered my last question. we'll check back with you later on. they might want to start with decaf tomorrow. >> let's go to our top story now. this is an important thing for all of us to be aware of. this in-depth look at the rupert murdoch scandal as it begins to reverberate in america. we thought it might and indeed it has. murdoch withdrew his bid for bskyb amid the most disturbing allegations that emerged. according to a british paper, journalists from the news of the world approached a new york private investigator to buy pho
's the big question, right? >> looking at the influence of the freshmen today, in general they believe and have very involved local voters to back them up that they were elected in 2010 with a mission to, reign in big government, specifically big government spending, and this debt ceiling debate fits right into that. here's more from one freshman tea partier. >> it would allow the debt ceiling to go up, but only if we had significant cuts, statutory caps and balanced budget amendment and there's a growing movement with that. we met with leadership, we met with majority leader eric cantor and were trying to impress upon them that we need to be for something as republicans, we need to define what we're for. >> senator paul says this is a fight, quote, too important to give up. jon. jon: what kind of influence do the new members have, though? >> well, republicans are in the minority and the senate, so less there, but in the house they're in the majority and tea partiers, or those who agree with the tea party on fiscal issues, among the 87 how freshmen have not been shy about staking their
supporting the money people. all those are the owners of the big corporation and moving away from this country and taken to places where they don't pay no taxes. they pay lower salary. nothing for the working people. they take their jobs and put the food on the table of the other country. we have to stop that. we have to stop that. we have to get rid of that bunch of bandits out there. host: all right. we've got the point. remind our viewers coming up grover norquist will be here followed by the chairman of the congressional caucus. representative whip announced wednesday, he'll marshal democratic votes. >> how do you think the presidents are handling the debt talks? caller: i think they are handling it well for the most part. they are not willing to throw the middle class under the bus. right after this conversation you'll have grover norquist. they don't want to negotiate. how do you just default on the country. i don't understand the average american people standing up for them. all they are working for is corporation. i will never understand how so many of them got in. you ca
is not for light or transient reasons. it's a big, big deal when the united states government has been for months and will continue to be borrowing about 40% of every dollar we spend, running up the largest deficits the nation has ever seen. and so what the law says, that -- the law and the united states code says you should have a budget. and when you set a budget, you take all of the bills that are out there and tell them how much money they have to spend so your total amount of money at the end does not exceed a dangerous level for the c. that's whac -- for the country. that's what a budget does. and so we're going to seek and repeatedly call to this senate's attention that we got the cart before the horse. we're spending money without a budget and we're going to have to have a budget, else we are not in control of our spending. and once you have a budget, it takes 60 votes to violate the budget. you can kind of stick to it if you make up your mind to do so. and we don't have to violate it and burst the budget. so that's -- that's what we're talking about today and it's a matter of great serio
in >> the whole >> police on the big island of there he was climbing the rocks when he was swept out to sea >> a large wave came income and watched him out to sea. >> it is not the first person to perish in the unpredictable waters of holly. >> we have had fatalities in that area. the water was pretty rough that day. the ocean has always been dangerous. >> another tourist was swept into allow all on the island of mali. >> of funeral was held for one of the fisherman's the dead died in that fishing accident off of mexico. >> he was laid to rest yesterday. >> there were tears and tight hugs and love and pride of the church. >> he was just starting his retirement and enjoy the rest of his life. >> he died love war doing what he loved to do. >> it was one of the survivors in this tragedy he held onto a cooler for 15 hours >> it was a very strong man and dedicated to his family it is unfortunate that we have to be here today >> some of the people in attendance why're the family members of those still missing. >> they stop the rescue and the search. >> more news in a moment and we pay attention t
parents to protect entitlements for big oil companies, billionaire corporate executives who travel the world in private jets and millionaires who believe they are entitled to all of the tax loopholes they're getting now after the biggest tax cut in history, entitled to tax cuts but not obligated to create american jobs. contrary to the false rhetoric we hear from the other side about a correlation between entitlements for the wealthy and job creation. the hard right wing of the republican party has come to the table willing to give up nothing, unwilling to accept an offer by the president and democrats of trillions of dollars in spending cuts, potential savings in entitlement programs and tax reform options, all of which they have been demanding, unless we agree to protect to the entitlements that exist for the wealthy. not even a single penny on the revenue side of the option. don't touch those entitlements for the big five oil companies. don't touch the entitlements for the corporate jets. don't touch the entitlements for the racehorses. don't touch any of those entitlements give
Search Results 0 to 13 of about 14 (some duplicates have been removed)